Edition: International | Greek
MENU

Home » Business

Vodafone eyes up overseas market

By: EBR - Posted: Thursday, September 22, 2005

Vodafone eyes up overseas market
Vodafone eyes up overseas market

Mobile phone giant Vodafone is seeking to expand through acquisitions in Asia Poland and France, it has announced.
At a meeting for investors and analysts it vowed to keep growing and continue to focus on turning around its struggling Japanese business.
"There continue to be opportunities around the world in high-growth markets," the company said.
It added that the number of subscribers to its 3G service rose to 4.35 million in August, up one million from July.
Vodafone expects 10 million customers to be using 3G services by the end of the fiscal year, which runs to April.
The group said it plans to woo more customers in the run-up to the key Christmas trading season by offering 15 new types of 3G handsets.
It will also introduce a faster version of 3G - which allows users to download images and videos more quickly - in the first half of 2006.
Fierce competition
The world's largest mobile phone company by revenues is hoping to increase its current holdings in Poland and France.
Vodafone hopes to increase its near 20% stake in Poland's Polkomtel and its 44% stake in France's second-largest telecoms group SFR.
The group also will continue to look for opportunities in Asia.
Chief executive Arun Sarin said that while business trends were promising in the US, competition remained fierce in Europe and Japan.
"Frankly in the next six months, we can expect great competition from the Telefonicas in Spain and the T-Mobiles in Germany and DoCoMO and 'au' in Japan," Mr Sarin said.

READ ALSO

EU Actually

Is the world entering a new nuclear arms race?

N. Peter KramerBy: N. Peter Kramer

The latest agreement, New Start, between Russia and the US on limiting nuclear arms expires. The US (3700) and Russia (4300) together have about 8.000 nuclear warheads. China stood around 600 last year, but according to the Stockholm International Peace Research Institute (SIPRI), China could have nearly as many intercontinental ballistic missiles as Russia and the US by 2030.

Europe

Trump’s ‘Armada’ to Iran and the Return of Gunboat Diplomacy

Trump’s ‘Armada’ to Iran and the Return of Gunboat Diplomacy

US naval buildup in the Persian Gulf is putting pressure on the Ayatollahs, but it also raises the risk of military escalation, regional conflict, and dangerous miscalculation.

Business

EU waters down plans to end new petrol and diesel car sales by 2035

EU waters down plans to end new petrol and diesel car sales by 2035

Current rules state that new vehicles sold from that date should be "zero emission", but carmakers, particularly in Germany, have lobbied heavily for concessions.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron